Great Northern Minerals Ltd. outlined a maiden JORC-compliant resource for its Golden Cup gold project in Northern Queensland, Australia, of about 30,000 ounces beneath three historical open pit mines.
The inferred resource is contained in 256,000 tonnes of ore grading 3.6 g/t gold at a cutoff of 0.75 g/t gold and is open at depth and along strike.
Results from a recent drilling program are expected in the coming weeks and the company is planning further drilling to increase the project resource, it said Dec. 10.
The maiden resource is mainly based on reverse circulation and open hole percussion samples with a minor amount of diamond drilling. Drilling data was collected from multiple campaigns, starting in 1988.